On October 22, the New York Green Bank announced its first round of transactions. When Governor Andrew Cuomo announced the $1 billion bank last year, it was touted as an innovative way to combine the goals and resources of the state’s public and private sectors.
“We will leverage public dollars to attract private sector investment into building a new clean energy economy that will help make our state greener and create jobs,” Cuomo said in a statement. The bank will use “limited state resources to drive investment into critical areas of the economy.”
Advanced energy finance is an ever-expanding field with many players, including government agencies, private investors, and international financial institutions. Our periodic Finance updates will help you understand and navigate this complex infrastructure. Read previous energy finance updates 
Advanced energy finance is an ever-expanding field with many players, including government agencies, private investors, and international financial institutions. Our periodic Finance updates will help you understand and navigate this complex infrastructure. 
Later today, the California Senate Select Committee on Energy Efficiency will hold a special hearing to consider ways to improve the various energy finance programs administered by California state agencies. Chaired by State Senator Kevin de León, the Select Committee will hear from California government officials, as well as leaders from other states and the private sector.
In November 2012, California voters approved Proposition 39, which is anticipated to generate approximately $1 billion per year in corporate tax revenue, with approximately half of this revenue over the first five years dedicated to energy efficiency and advanced energy projects in schools and public buildings.